Vaughan Nelson Investment Management L.P. Acquires Shares of 1,197,375 Celestica Inc. (NYSE:CLS)

Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,197,375 shares of the technology company's stock, valued at approximately $61,210,000. Vaughan Nelson Investment Management L.P. owned 1.01% of Celestica as of its most recent SEC filing.

Several other large investors have also made changes to their positions in CLS. Westover Capital Advisors LLC raised its stake in Celestica by 20.9% during the 2nd quarter. Westover Capital Advisors LLC now owns 21,776 shares of the technology company's stock valued at $1,248,000 after purchasing an additional 3,764 shares during the period. Van ECK Associates Corp lifted its holdings in shares of Celestica by 40.0% in the third quarter. Van ECK Associates Corp now owns 67,266 shares of the technology company's stock worth $3,439,000 after buying an additional 19,221 shares in the last quarter. Rockingstone Advisors LLC bought a new position in shares of Celestica during the second quarter worth $2,442,000. Harbor Capital Advisors Inc. increased its holdings in Celestica by 52.7% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 61,478 shares of the technology company's stock valued at $3,143,000 after acquiring an additional 21,228 shares during the last quarter. Finally, Forte Capital LLC ADV boosted its holdings in shares of Celestica by 1,034.9% during the 3rd quarter. Forte Capital LLC ADV now owns 118,691 shares of the technology company's stock valued at $6,067,000 after purchasing an additional 108,233 shares during the last quarter. 67.38% of the stock is currently owned by hedge funds and other institutional investors.

Celestica Stock Performance

NYSE:CLS traded up $1.70 during trading hours on Friday, hitting $82.18. 3,182,154 shares of the company were exchanged, compared to its average volume of 2,762,283. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87. Celestica Inc. has a 52-week low of $25.83 and a 52-week high of $87.99. The stock has a market capitalization of $9.75 billion, a price-to-earnings ratio of 26.09 and a beta of 2.24. The company's 50 day moving average price is $60.64 and its 200-day moving average price is $55.82.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last issued its earnings results on Wednesday, October 23rd. The technology company reported $1.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.93 by $0.11. Celestica had a return on equity of 21.58% and a net margin of 4.08%. The company had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.41 billion. During the same quarter last year, the business posted $0.65 EPS. The firm's quarterly revenue was up 24.8% on a year-over-year basis. As a group, research analysts forecast that Celestica Inc. will post 3.44 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CLS. Stifel Nicolaus increased their price target on Celestica from $58.00 to $70.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. Barclays assumed coverage on shares of Celestica in a report on Tuesday, November 5th. They set an "overweight" rating and a $91.00 price target on the stock. Canaccord Genuity Group lifted their target price on Celestica from $53.00 to $70.00 and gave the stock a "buy" rating in a research report on Friday, July 26th. TD Securities lifted their price target on shares of Celestica from $68.00 to $70.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. Finally, BMO Capital Markets increased their price objective on Celestica from $64.00 to $72.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $69.10.

Celestica Company Profile

Celestica Inc provides supply chain solutions in North America, Europe, and Asia. It operates through two segments: Advanced Technology Solutions, and Connectivity & Cloud Solutions. The company offers a range of product manufacturing and related supply chain services, including design and development, new product introduction, engineering services, component sourcing, electronics manufacturing and assembly, testing, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics, asset management, product licensing, and after-market repair and return services.